Stories Tagged 'Import'
A decrease in imports of iron from India has reduced revenue collection at the customs office of Sirsiya Dry Port in Birgunj for two consecutive months of this fiscal year beginning mid-July.
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Lentil imports through Sirsiya Dry Port in Birgunj have oddly doubled since last year, raising suspicions that the agro product is being re-exported to India through clandestine channels.
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Vegetable import has continued unabated in the far-western Nepali district of Kailali despite higher production of the green produce. The district imports around 30,000 tonnes of vegetables worth around Rs500 million per year from India. A big chunk of these vegetables enter the country through Gauriphanta customs point.
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Imports of agricultural products jumped 16.96 percent to Rs105.22 billion in the first half of the current fiscal year 2017-18, widening the country’s trade deficit and raising concerns that dependence on foreign farm goods was spinning out of control.
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With the Birgunj Customs Point remaining completely shut for over four months, trade activity has risen sharply at nearby Sirsiya Dry Port.
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Prices of edible oil have increased by up to Rs10 per litre over a month as imports have become costlier due to strong US dollar and rising prices of crude oil in the international markets.
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